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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The difference between production and Iraq's share according to OPEC decreased in April by more than

    Rocky
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    • Post n°1

    The difference between production and Iraq's share according to OPEC decreased in April by more than Empty The difference between production and Iraq's share according to OPEC decreased in April by more than

    Post by Rocky Tue May 03, 2022 10:45 am


    [size=30]The difference between production and Iraq's share according to OPEC decreased in April by more than 70% compared to March

    2022-05-03
    [/size]
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    Yes Iraq: Baghdad

    Iraq managed to reduce the difference between its scheduled quota from OPEC + and its production last April, after it was late by about 60,000 barrels from its quota last March.
    According to a Reuters report, the compliance of the Organization of the Petroleum Exporting Countries (OPEC) with the cuts pledged last April amounted to 164%, compared to 151% in March, while the increase in OPEC production was less than the planned increase due to the decrease in production in Libya and Nigeria.
    According to a survey conducted by "Reuters", the Organization of the Petroleum Exporting Countries "OPEC" pumped 28.58 million barrels per day in April, an increase of 40 thousand barrels per day from the previous month, and less than the 254 thousand barrels per day stipulated in the supply agreement.
    According to Reuters surveys, production is less than the increases pledged from October to March, as many producers lack the ability to pump more crude due to a lack of investment, a trend exacerbated by the pandemic.
    These interruptions limited the impact of the “OPEC” production increase, as major producers fulfilled their commitments to increase supplies. The survey found that the largest increase in April amounted to one hundred thousand barrels per day and came from Saudi Arabia.
    And Iraq, which announced a monthly increase in its exports, boosted its production by 80,000 barrels per day. The UAE committed to increasing its share, adding 40,000 barrels per day, while Kuwait's production increased by 10,000 barrels per day.
     
    While Iraq added 80,000 barrels per day to its production in March, this means that it produced 4.397 million barrels per day, which is less than its quota in April by 17,000 barrels per day, as its quota in April is 4.414 million barrels per day.
    In March, its production quota was 4.370 million barrels per day, of which only 4.309 million barrels were produced, a difference of 60,000 barrels per day.
    While the difference was around 60,000 barrels per day last month, in April it became 17,000 barrels per day, which means that it has shrunk by more than 70%.
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